Jio Platforms now more valuable than rest of RIL businesses put together

At Wednesday's price, RIL's market capitalisation stood at Rs 8.64 trillion. This means, the other businesses are being valued by the Street at Rs 4.28 trillion

Reliance Industries’ (RIL’s) deal with Facebook to sell 9.99 per cent in Jio Platforms has two messages for the oil to telecom major’s shareholders.
 

The key one is that Jio Platforms is now more valuable than all other businesses of RIL put together, including refining, petrochemicals and retail.
 

Consider this: Facebook is buying 9.99 per cent stake in Jio Platforms, a 100 per cent subsidiary of RIL, for Rs 43,574 crore. This translates into a market/equity value of Rs 4.36 trillion for Jio Platforms.
 

RIL’s stock gained over 10 per cent after the deal was announced. At Wednesday’s price, RIL’s